This Cannabis Innovator Is Down 50% In Two Months - Time to Buy?

Analysis originally distributed on August 9, 2017 By: Michael Vodicka of Cannabis Stock Trades

A new and innovative business model is emerging in Canada’s cannabis industry. Not only is it a potentially safer way to invest in the highly volatile cannabis sector, it could also be more profitable than investing in individual cannabis companies.

No, it’s not an ETF or a mutual fund. It’s something called streaming – let me explain.

Cannabis Wheaton Income Corp.(CDNX:CBW) is a young Canadian cannabis company headquartered in Vancouver that just went public in early May.

CBW is pioneering a new and innovative business model in Canada’s cannabis industry known as streaming.

CBW

Streaming means providing funding to cannabis companies to help them build and expand operations in exchange for an equity stake and a portion of the cultivation production.

This model comes straight from the gold and silver mining industry. In fact, Cannabis Wheaton is actually named after Wheaton Precious Metals Corp. (NYSE:WPM), now called Wheaton Precious Metals Corp., a pioneer of streaming in Canada’s precious metals industry. Continue reading "This Cannabis Innovator Is Down 50% In Two Months - Time to Buy?"

Stocks Gain As Global Tension Eases

Hello traders everywhere. Stock markets around the globe are posting gains today as the tensions between the U.S. and North Korea have eased a bit. The S&P 500 and NASDAQ are both posting 1% gains with the DOW trailing closely on their heels.

Concerns over a rise in OPEC crude production has pushed oil down little over 1% to 48.13, its lowest level in slightly over two weeks. Check out Robert Boselego's recent article on OPEC's production numbers and where he sees the price of oil heading.

Gold has retreated from its Friday high of 1298.10 and is currently trading lower for the day coming under pressure from a strengthening dollar.

MarketClub's Mid-day Market Report

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.4, down about 20%. The index posted its largest weekly gain since December 2015 last week as the North Korea situation escalated.

Key levels to watch this week: Continue reading "Stocks Gain As Global Tension Eases"

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Wheat Futures

Wheat futures in the December contract settled last Friday in Chicago at 4.82 a bushel while currently trading at 4.65 down about $0.17 for the trading week reacting to a very bearish USDA crop report which was released yesterday sending prices down $0.20. Ending wheat stocks were stated at 933 million bushels, but expectations were around 901. That coupled with the excellent growing conditions pushed wheat prices to lows that we haven't seen since June 12th. There is major support around the 4.50/4.60 level as we traded in that area for several months before rallying on fears of drought in the Dakotas and the state of Montana. I have been looking at a bullish position in this market, but I will avoid the grains for now as they still look like they are headed lower in my opinion. Wheat prices are trading under their 20 and 100-day moving average telling you that the trend is to the downside as the chart structure is poor, so look at other markets with a better risk/reward scenario.
TREND:LOWER
CHART STRUCTURE: POOR

Continue reading "Weekly Futures Recap With Mike Seery"

The Endless Wait Continues

Hello traders everywhere. What are we waiting for you ask, inflation to pick up steam. The Labor Department announced Friday that the Consumer Price Index edged up 0.1% last month, versus expectations of a 0.2% gain. Traders scour the inflation data looking for clues on the Fed's next monetary policy move. It's going to be hard for the Fed to raise rates with weak inflation.

Market expectations for a December rate hike fell after the CPI data was released. Just 38% of investors expected the central bank to rates again at the end of the year, down from about 45%, according to the CME Group's FedWatch tool.

Do you think they are going to raise rates if inflation remains stagnant?

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "The Endless Wait Continues"

North Korea Brings Volatility To The Stock Market

Hello traders everywhere. The DOW fell almost 150 pts this morning as tensions and worries over North Korea increased. U.S. stocks fell the most in a month, and the VIX reached its highest level since May as American allies warned North Korea against firing missiles toward Guam. Of course, the safe-haven assets advanced, with gold, the yen, and Treasuries all higher.

The NASDAQ is the big loser this morning, losing 1.38% and issuing a new red weekly Trade Triangle, indicating that a move to the sidelines is in order.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "North Korea Brings Volatility To The Stock Market"